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Stock Market & Financial Investment News

News Breaks
February 5, 2014
07:03 EDTCVSCVS Caremark to stop selling tobacco at all locations by October 1
The decision to exit the tobacco category does not affect the company's 2014 segment operating profit guidance, 2014 EPS guidance, or the company's five-year financial projections. The company estimates that it will lose approximately $2B in revenues on an annual basis from the tobacco shopper, equating to approximately 17c per share. Given the anticipated timing for implementation of this change, the impact to 2014 earnings per share is expected to be in the range of 6c-9c per share. The company has identified incremental opportunities that are expected to offset the profitability impact.
News For CVS From The Last 14 Days
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March 25, 2015
16:37 EDTCVSSpecialists On Call names Hammad Shah as CEO
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11:45 EDTCVSLeerink healthcare tech/pharma analysts hold analyst/industry conference call
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March 17, 2015
06:31 EDTCVSStudies find Gilead's hepatitis C drugs cost effective, Reuters says
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